DENCO LUBRICATION LIMITED

1. DENCO LUBRICATION LIMITED 2004-02-24 → present
2. DENCO LUBRICATIONS LIMITED 2004-02-04 → 2004-02-24
3. GW 126 LIMITED 2004-01-05 → 2004-02-04

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have adopted the going concern basis in preparing these accounts after assessing the principal risks and having considered the impact of the current global macro economic environment. The business has reported a profit in the financial year and based on budgets and forecasts the directors expect to report a profit for 30 April 2026. The directors believe that the company is well placed to manage its financing and other business risks satisfactorily, and have a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months from the signing date of these financial statements. We therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The large expansion of the Hereford workshop was completed in the year and enabled a step up in manufacturing output.”
• “A number of new customers placed orders in the year or approved Denco as a supplier. These were from a range of industries, including renewable energy and green hydrogen generation.”
• “US Tariff changes and UK/EU investment uncertainty have caused project decisions to be delayed by a large number of our customers.”
• “Ongoing de-carbonising of the UK Steel industry continues to have an impact on our lubrication services contracts.”
• “No ordinary dividends were paid. The directors do not recommend payment of a final ordinary dividend. No preference dividends were paid (2024: £252,260).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11%

  £13,535,117 → £15,025,175

• Cash

  +98,085.4%

  £96 → £94,258

• Net assets

  +20.3%

  £6,494,009 → £7,809,339

• Employees

  -13%

  115 → 100

• Operating profit

  +55.9%

  £700,798 → £1,092,531

• Profit before tax

  +44.5%

  £947,128 → £1,368,997

• Wages

  -8.6%

  £5,595,285 → £5,115,935

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers